Colin Longacre: Prairie Wealth Advisor Fired by Merrill Lynch

Omaha, Nebraska financial advisor Colin Longacre (CRD# 6630854) was recently fired by his former member firm. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Merrill Lynch broker is currently registered as an investment advisor with Prairie Wealth Advisors.

Mr. Longacre’s BrokerCheck report discloses his termination from Merrill Lynch. Filed in July 2026, it states that the firm fired him in connection with allegations of “conduct including making inaccurate entries about the completion of required client reviews into an internal system utilized to track client interactions.”

Investors should be aware that FINRA Rule 2010 stipulates that brokers associated with FINRA must “observe high standards of commercial honor and just and equitable principles of trade.” A number of forms of unethical conduct, including the violation of firm rules and/or the making of inaccurate entries regarding client reviews, may be considered violations of FINRA Rule 2010, provided the alleged activities occur “in the conduct of [the member’s] business.” Brokers who fail to uphold FINRA Rule 2010 may be held liable for losses.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Colin Longacre holds nine years of securities industry experience. Based in Omaha, Nebraska, he has been registered as an investment advisor with Prairie Wealth Advisors since October 2026. He was previously registered as a broker with Merrill Lynch from 2016 until 2026. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He also holds the Certified Financial Planner designation. (Information current as of October 27, 2026.)

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